• Loan Amount * $97,000
• Rate * 9.25%
• Appraised Value * $162,000
• Term * 12 months, IO
• Lien Position * First

Our Borrower is a fix and flip investor.  Bank financing would have been difficult and timely. We made the borrower a 12-month interest only loan within 5 days. The borrower will rehab and sell the home.